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HB 1375

RELATING TO TOURISM.

2024 Regular Session Introduced by Terez Amato and 11 co-sponsors

House Bill 1375 boosts support for new businesses in Arkansas by requiring annual reports on workforce funding, promoting economic growth and regenerative tourism.

Received notice of discharge of all conferees (Hse. Com. No. 457).
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Bill Summary · HB 1375

Summary of House Bill 1375: Relating to Tourism

Bill Number: HB 1375
Introduced: February 3, 2025
Status: Received notice of discharge of all conferees (Hse. Com. No. 457)
Classification: Bill
Subject: Appropriation, Tourism Management, Business Support

Purpose and Intent

House Bill 1375 aims to enhance the support for individuals starting new businesses or those established within the last five years in Arkansas. The bill seeks to require an annual report detailing the allocation of workforce development funds to organizations or programs that assist these businesses. This initiative is part of a broader effort to stimulate economic growth and promote regenerative tourism within the state.

Key Provisions

  • Annual Reporting Requirement:

    • The Secretary of the Department of Commerce is mandated to file an annual report by January 1 each year.
    • The report must include:
    • The percentage of workforce development funding allocated to organizations or programs that support:
      • Individuals starting new businesses in Arkansas.
      • Businesses established within the previous five years.
    • The total dollar amount of such funding.

  • Reporting Recipients:

    • The annual report will be submitted to:
    • The Governor of Arkansas.
    • The House Committee on Insurance and Commerce.
    • The Senate Committee on Insurance and Commerce.

  • Implementation Timeline:

    • The first annual report under this new section is due by January 1, 2027.

Impact

Who Would Be Affected

  • Entrepreneurs and New Businesses: Individuals starting new businesses or those that have been established within the last five years will benefit from increased visibility and potential funding opportunities.
  • Workforce Development Boards: These entities will need to track and report on their funding allocations, ensuring that resources are directed toward supporting new business initiatives.
  • State Government: The bill will require additional administrative efforts to compile and analyze the data for the annual reports.

Broader Implications

The bill is part of a strategic approach to bolster the tourism sector and support economic development in Arkansas. By focusing on new businesses, the legislation aims to create a more vibrant economic landscape that can adapt to changing market conditions and consumer preferences.

Legislative Actions

  • The bill has undergone several legislative actions since its introduction, including:
    • Being withdrawn by the author on February 11, 2025.
    • Receiving a "Do Pass" recommendation from the committee on February 5, 2025.
    • Various readings and referrals to committees throughout early 2025.

Related Legislation

  • Companion Bill: SB 685, which addresses similar themes and objectives related to business support and tourism management.

This summary provides an overview of House Bill 1375, highlighting its purpose, key provisions, and potential impacts on Arkansas's economic landscape.

Compiled from official sources — confirm details with the bill’s official record.

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